Trading Report: The CA, Inc. (CA) Upgraded by Hovde Group to Outperform

The CA, Inc. (CA) Upgraded by Hovde Group to Outperform

CA, Inc. (NYSE:CA) was upgraded by analysts at Hovde Group from a “market perform” rating to an “outperform” rating in a research note issued on Saturday. The brokerage currently has a $26.00 target price on the stock, up from their previous target price of $24.75. Hovde Group’s price target would suggest a potential downside of 21.16% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Mizuho downgraded shares of CA from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a report on Thursday, July 14th. Barclays PLC downgraded shares of CA from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $33.00 to $35.00 in a report on Friday, July 15th. Citigroup Inc. lifted their price target on shares of CA from $32.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, July 28th. Jefferies Group lifted their price target on shares of CA from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Monday, August 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. CA has an average rating of “Hold” and a consensus price target of $34.14.

CA (NYSE:CA) opened at 32.98 on Friday. The firm has a market capitalization of $13.82 billion and a price-to-earnings ratio of 18.32. CA has a one year low of $25.18 and a one year high of $34.99. The stock has a 50 day moving average of $33.30 and a 200 day moving average of $32.44.

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CA (NYSE:CA) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The company earned $999 million during the quarter, compared to analyst estimates of $982.21 million. During the same quarter last year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts forecast that CA will post $2.52 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Thursday, August 25th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.09%. This is an increase from CA’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, August 23rd.

A number of large investors have recently added to or reduced their stakes in CA. Oregon Public Employees Retirement Fund increased its stake in CA by 0.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 64,654 shares of the company’s stock worth $2,123,000 after buying an additional 497 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in CA during the second quarter worth about $407,000. Assetmark Inc. bought a new stake in CA during the second quarter worth about $505,000. Aspen Investment Management Inc increased its stake in CA by 17.5% in the second quarter. Aspen Investment Management Inc now owns 12,420 shares of the company’s stock worth $408,000 after buying an additional 1,850 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in CA by 16.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 446,807 shares of the company’s stock worth $14,669,000 after buying an additional 61,931 shares during the last quarter.

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